Jetblue Airways Corp

NASDAQ:JBLU   3:59:57 PM EDT
9.16
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Mergers / Acquisitions

Spirit Airlines - Co And Top Gun Acquisition, Unit Of Frontier Entered Amendment To Agreement And Plan Of Merger

Published: 06/24/2022 21:35 GMT
Jetblue Airways Corp (JBLU) - Spirit Airlines - on June 24, Co and Top Gun Acquisition, Unit of Frontier Entered Amendment to Agreement and Plan of Merger Dated February 5, 2022.
Spirit -second Amendment Amends Merger Agreement to Increase Amount of Cash Consideration Payable to Spirit Stockholders by Additional $2.00/share.
Spirit -second Amendment Also Increases the Reverse Termination Fee Payable by Frontier to $350,000,000.
Spirit Airlines Inc - Frontier Will Make a Non-interest Bearing Loan to Spirit in an Amount Equal to $241,100,000 in Connection With Dividend.
Spirit-second Amendment Increases the Number of Board Seats of the Combined Company to Be Determined by the Board of Directors of Frontier by One.
Spirit Airlines - Amendment Provides, Following Spirit Stockholder Vote in Favor of Agreement, Portion of Cash Consideration to Be Paid in Advance.
Spirit-second Amendment Decreases the Number of Board Seats of the Combined Company to Be Determined by the Board of Directors of Spirit by One.
Spirit Airlines - Cash Advance in Form of Cash Dividend to Spirit Stockholders of $2.22 per Share of Spirit Common Stock.
Spirit Airlines Inc - Frontier Will Make a Non-interest Bearing Loan to Spirit in an Amount Equal to $241.1 Million in Connection With the Dividend.
Spirit Airlines - Amendment Amends Deal to Increase Amount of Cash Consideration for Aggregate Cash Amount, Without Interest, Equal to $4.13/share.
Further Company Coverage: Saven